logo-newlogo-newlogo-newlogo-new
  • Home
  • Blog
  • Audit Trail Academy
  • Advisory Services
  • Books
✕
  • Home
  • Chambers on Internal Audit
  • Uncategorized
  • On the Profession in Europe

On the Profession in Europe

With the Recession Officially “Over” – How Has Internal Auditing Fared?
September 27, 2010
ISACA and The IIA Sign MOU
October 29, 2010
October 22, 2010

As you may have noted, my blog has been silent for the past two weeks. This is not because I didn’t have anything to say. Instead, I have been making my way across Europe visiting with a number of our key institutes here. As I wrap up my visit with IFACI (IIA-France), I am pleased to report that across Europe, the profession is showing strong signs of recovery from the global financial crisis.

My travels began with a visit with leaders of the newly “Chartered Institute of Internal Auditors” of the U.K. and Ireland. The institute was officially chartered on October 1, 2010. However, my visit to London coincided with the institute’s national conference, and I was invited to deliver brief remarks at a reception marking the official launch of the chartered institute. As I noted in this blog earlier this year, chartered status for the IIA–U.K. and Ireland is likely to raise the stature of the internal audit profession around the world — particularly in the Commonwealth countries. Again, I extend hearty congratulations on behalf of the global membership on the occasion of this extraordinary milestone.

Upon departure from the UK, I had the opportunity to attend a “General Assembly” meeting of the European Confederation of Institutes of Internal Auditors (ECIIA) in Warsaw, Poland. As it notes on its impressive website, the ECIIA “exists to promote professional internal auditing — its benefits, competencies, standards, and qualifications — to all institutions, bodies, committees, and people of influence within its member countries.” I had the opportunity to brief many of the member delegates on the state of the global profession and developments at the global IIA headquarters.

The third stop on my European travels took me to Bonn, Germany, where I had the opportunity to meet with the chairman of IIA-Germany (DIIR) and visit the global headquarters of Deutsche Post (Germany’s only universal provider of postal services). I had the chance to learn about the leading practices of Deutsche Post’s world-class internal audit function (whose CAE is the DIIR chairman). My experiences in working with other German internal audit functions in the past were reaffirmed — there is much we can learn from our German colleagues in terms of how effective internal audit functions can be organized and managed. I also took the opportunity for a productive visit with The IIA’s global chairman of the board who lives nearby.

As I mentioned at the outset, my final stop is here in Paris where I had the opportunity to meet with IFACI staff as well as the full board of IFACI. The profession in France has long been among the world’s most mature, and my visit here has reaffirmed my view of its place in the global internal audit profession. This morning, I addressed a roundtable of more than 75 CAEs who were eager to exchange views on the state of the global profession. During my presentation, I shared data and perspectives not only on the global profession, but on the state of the European internal audit profession as 2010 comes to a close.

A recent global survey on the profession highlighted internal auditing’s rate of recovery around the world. In Europe, for example, almost 22 percent of European internal audit functions experienced an increase of their budgets in 2010, and that number grows to almost 30 percent for 2011. Since the onset of the global financial crisis in 2007, the resource levels of European internal audit functions have fared equal to or better than the overall global experience, and significantly better than the profession in North America. This provides a strong signal that the profession in Europe is well on the way to recovery, and is well positioned to serve its key stakeholders in the decade ahead.

Share

Related posts

June 30, 2022

Courageous Internal Auditors Don’t Wait For a Choir


Read more
June 28, 2022

The First Half of 2022 Has Been Risk-Induced Bedlam


Read more
June 22, 2022

Everybody Loves a Government Watchdog … Until It Barks


Read more

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

What’s Trending

06-30-22

Courageous Internal Auditors Don’t Wait For a Choir


06-28-22

The First Half of 2022 Has Been Risk-Induced Bedlam


06-22-22

Everybody Loves a Government Watchdog … Until It Barks


Read More

Archive

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020
  • July 2020
  • June 2020
  • May 2020
  • April 2020
  • March 2020
  • February 2020
  • January 2020
  • December 2019
  • November 2019
  • October 2019
  • September 2019
  • August 2019
  • July 2019
  • June 2019
  • May 2019
  • April 2019
  • March 2019
  • February 2019
  • January 2019
  • December 2018
  • November 2018
  • October 2018
  • September 2018
  • August 2018
  • July 2018
  • June 2018
  • May 2018
  • April 2018
  • March 2018
  • February 2018
  • January 2018
  • December 2017
  • November 2017
  • October 2017
  • September 2017
  • August 2017
  • July 2017
  • June 2017
  • May 2017
  • April 2017
  • March 2017
  • February 2017
  • January 2017
  • December 2016
  • November 2016
  • October 2016
  • September 2016
  • August 2016
  • July 2016
  • June 2016
  • May 2016
  • April 2016
  • March 2016
  • February 2016
  • January 2016
  • December 2015
  • November 2015
  • October 2015
  • September 2015
  • August 2015
  • July 2015
  • June 2015
  • May 2015
  • April 2015
  • March 2015
  • February 2015
  • January 2015
  • December 2014
  • November 2014
  • October 2014
  • September 2014
  • August 2014
  • July 2014
  • June 2014
  • May 2014
  • April 2014
  • March 2014
  • February 2014
  • January 2014
  • December 2013
  • November 2013
  • October 2013
  • September 2013
  • August 2013
  • July 2013
  • June 2013
  • May 2013
  • April 2013
  • March 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009

Contact Us

PO Box 1441
New Smyrna Beach, FL 32170

+1-407-463-9389
rchambers@richardchambers.com

About AuditBeacon.com

AuditBeacon.com is a resource center for internal auditors and risk professionals from around the world. In addition to more than 500 blogs authored by Richard Chambers, the site includes links to news and insights on internal audit and other information that illuminates the value of this important profession. AuditBeacon.com is provided as a service by Richard F. Chambers and Associates, LLC.

Copyright © 2022 Richard F. Chambers & Associates. All Rights Reserved.
  • Home
  • Blog
  • Audit Trail Academy
  • Advisory Services
  • Books